Topic: [ANN] GAYMoney - X11 - 20%APR PoS - LGBTQ CRYPTOCURRENCY (Read 2381 times)

Really? we have gay coin =))) I dont known how my friend feeling when they see me hold this coin

there are 5 billion GAY set up in the non-staking Foundation wallet, which was pre-established to provide the philanthropic funding this project is designed to provide, in a very measured way. As this fund is designed to provide 50 years of humanitarian use, the maximum we will release in any given year will be 100,000,000 GAY. Those remain out of circulation, and will have distinct community input towards their usage.

Currently, there are about 630 million GAY in circulation. Of those, only about 135,000 GAY are available on the market.

When you decide to look into supply as a reason to invest or not, you cannot simply take into account the figures coinmarketcap gives you, and decide "well, that's that." We have been emailing them over and over again across several months to get our listing updated properly, to have our market cap appropriately shown on site, both regarding circulating and total supply. Ive personally gotten three separate messages from them saying the issue was resolved and we would see a proper accounting with 24 hours, and then have to send off another email a few days later when their promised support implementation does not come to pass.

Our block explorer at explorer.gay.money provides all the necessary information for GAY Money to be treated equitably and have our market cap reflected appropriately.

Currently we are listed with the rank of 974th on the list.

With 5,630,598,765 GAY in TOTAL supply, and an exchange rate equal to USD $0.032986, GAY Money has a total market cap valued at USD $185,730,930.86. Related to that statistic, GAY Money owns the 39th rank, just ahead of Decred and Bitshares.

In terms of CIRCULATING supply, we disregard the non-staking Foundation wallets balance and find a market cap equal to USD $20,800,930.86. That ranks GAY Money at #121.

IN terms of the market, and the "early-adopter" advantage to where the market price sits presently, if one examines the GAY/BTC market, on the sell wall, 1BTC invested towards GAY (against the approx. 135000 available on the market) would increase the value to .00005451 BTC, about USD $0.20.... a 600% rise in value... presenting a TOTAL supply value reaching USD $1,134,565,651.15... good for 14th overall, ahead of Ethereum Classic.... or a CIRCULATING value of USD$127,065,651.15...42nd overall and just behind the DigixDAO.

2BTC invested and the rate jumps to 0.0001 BTC (USD $0.37) and a total value of $2,083,321,543.05 (10th place just behind DASH) or a circulating value of $233,321,543.05 (23rd, displacing Bytecoin).

Thats with ONLY 2BTC invested towards that market.

With our push towards retail integrations, both online and "bricks-and-mortar", that currently available 135,000 GAY isnt going to last long. Like any project, you have to look at the big picture and the long term. Unfortunately, in the cryptocurrency economic world, most people are looking at how to make their profits overnight, and have zero appreciation for the work that goes on behind the scenes. Most investors are too lazy to look deep into any project, and then complain when they lose money.

There are several things that a cryptocurrency NEEDS to survive, to be RELEVANT. and its not the promise of instant huge profits. they are there to be made, if you are smart about it, but we would rather concentrate on building our retail structure. Our gaymoney.market site is presently in the works. We will be employing a directory with full pages for our participatory LGBT-owned and -friendly businesses, replete with a built in market for them to list goods directly on the market and choose static or dynamic pricing. We have a visible market to which we are positioning our services, and working towards a viable LGBT eCommerce hub.  

You can choose to ignore the opportunity the GAY Money value presents right now, or dismiss the project because "its a niche market" or because of a preconception about the community we are marketing to in one form or another, but thats simply lazy investing. GAY Money will get noticed, and sooner than later, considering the projects we are working on. It wont matter how hard coinmarketcap works to keep our actual value hidden by being obtuse and uncooperative.

You are either one of the smart early-adopters, or one of the ones that tries to grab on when the value is rising. Im not claiming we're "GOING TO THE MOON!" with our value, but we have the infrastructure in place to build a very successful project. We arent asking you to invest in an ICO, we're just going to build our services, create a strong and viable currency, and let our work speak for itself to investors. I can see GAY Money reaching par with the USD very easily, and holding that without a problem.

https://coinmarketcap.com/currencies/gaycoin/

There's only 5 billion of them!  Better rush to get yours before they're all gone!

our websites have been updated!

http://www.gay.money/
http://www.gay.foundation/

we are presently working with a directory/multi-vendor market template to set up https://gaymoney.market/ with integrated GAY Money support at checkout.

we are also working on a GAY Money wiki and are in conversation with an Android wallet app provider to produce a stand-alone wallet. We do have some plans to improve the wallet as we go along, and have plans to incorporate a social connection functionality for our Android and iOS offerings down the road.

We've updated our GAY Money faucet at faucet.gay.money

As such, we've also upgraded the rewards, so that an equal chance per dispense of between 1000-5000 μGAY every hour, with automatic delivery to your wallet when the threshold of 20000 μGAY (0.2 GAY) is reached. And best of all, no CAPTCHA! (chuckles)

Also, to catch up on the posts that I hadnt had time to respond to yet:


10,000,000,000 GAY will be the total units of GAY Money minted. 5 billion of that is locked away in the non-staking GAY Foundation fund, and there will be ample stakeholder involvement in how that fund is administered. Those funds are earmarked to maintain a self-sufficient funding mechanism, one that is designed to last generations. Currently there are a little over 620 million in circulation, not counting the funds POSWallet "lost", which have remained unstaking and dormant for a long time.

FOUR of the Top 10 cryptocurrencies by market capitalization have maximum total supplies much higher than what GAY Money has scheduled as a cap in the currency supply. As far as presently circulating supply is concerned, GAY Money isnt even in the Top 100.

The value on the exchange market is what the market agrees to. We can only show by consistent progress towards greater ease of access and use, and continue to build a diverse ready market for adopters of GAY Money to utilize the currency with. We will show that we have a strong business model mapped out and a comprehensive understanding of the consumer base we are marketing to.

The price will rise. Supply and demand are the basic drivers of any market, whether it is crypto or commodities or stocks and bonds. As we increase the number of places one can SPEND GAY, its price will increase.

I really DO think this is a great coin. We have a brand-loyal global consumer base and no competitor vying for their digital dollars. We are focused on retail utility, and plan to offer a full suite of "digital economy services". Unlike a lot of currencies, we arent going to raise funds through ICOs, we are self-funded. I even pull a living wage from the project, allowing me to work on this full time.

Granted, the work ahead of us is daunting. We have a massive market to get in touch with, we have many plans that we are working on, tirelessly, to implement. Where we have the interest of just over 20 merchants and services presently, I have set the personal goal to have the "GAY Money Accepted Here" sign in a thousand storefronts by the end of 2018.

And given the nature of our customer base outside of the cryptosphere, that might even be short changing my ambition.


"GayCoin" was launched on Valentines Day, 2014.
https://bitcointalksearch.org/topic/anngay-gaycoin-465940
The project was originally a LTC clone, with a much smaller outward focus. Given the topography of the cryptocurrency landscape in 2014, it went as well as could be expected for a development team of one.

There was a lot of work that continued on the project, gaining exchange presences, and as seen at https://cryptolonography.tumblr.com/tagged/gaycoin, Mr. Lawin was still working on promoting the idea in January 2015, with banner graphics ideas.

A newer [ANN] was released in September 2016, with a fresher x11 algorithm and a POW/POS hybridization.
https://bitcointalksearch.org/topic/ann-lgbtq-ecurrency-gay-gaymoney-1616928
This thread was locked within a month as Mr. Lawin felt great frustration putting forth his message, and faced the same sort of harrassment and ridicule as evidenced with the GayCoin originally.

This is simply a rebranding of the existing project, taking a fresh approach at how to market the coin, how to integrate it into a retail market in as diverse a way possible, and how to build a philanthropic network that builds a positive economic reality powered by strong real market utility.

I believe very stongly in the future of niche-market cryptocurrencies, and as we have a massive, self-identifying consumer base with no direct competitor positioning themselves with similar services, the sky is the limit for us. Every altcoin needs a purpose. Ours is to provide a digital economy to the LGBTQ community and build from there.

I wont announce our integrations until they are set up and working, but we have several services that operate on an international level that we are working with towards simple website integration to start and then with stand-alone smart phone GAY Money wallet apps. Most others are, admittedly, single storefronts with strong ties to the LGBT community, and a few interested participants are artists and craftspeople who are waiting for the GAY Bazaar. I am discussing further integrations with new contacts nearly every day. This will have a snowball effect.

It would be erroneous to equate quiet activity on a forum with a lack of development or interest with the GAY Money project. Much of what we are doing presently is to establish the architecture to provide as much utility and retail pertinence as we can, with an eye to easy accessibility and convenience of use. The goal is to re-invigorate this project, leveraging the changing attitudes towards cryptocurrency.

Like any cryptocurrency, real world function is the lifeblood of a project. Our intent is to build a diverse global network of shopkeepers, business-people, artisans, and consumers participating in the digital LGBT economy. Like any cryptocurrency, we face simple adoption awareness.

I send out between 25-50 emails every day, to LGBT-owned businesses around the world. I concentrate daily efforts in specific geographies: cities with active LGBT Chamber of Commerce organizations, or that have recognized "gay villages" and localized economies already in place. I get four or five responses a day. Many are asking for more information, and several are very enthusiastic to participate in the GAY Money digital ecosystem.

We are ACTIVELY pursuing our Android and iOS wallet builds, and are in the process of helping set up the payment gateways for online shopping. We have close to a score of merchants prepared to participate with GAY Money already, and more are showing interest every day. When we have official integrations, these will be announced on this forum, with links to the businesses and services in question. We will be linking and building the GAY Money directory and bazaar at gaymoney.market to promote these businesses and the further retail adoption of GAY Money.

We represent a vastly diverse and globally self-identified market. Estimates based on Census reporting put the "gay market" purchasing power at over USD $825 Billion in the US alone. This is a market with very strong brand loyalty, and has a large proportion of "double income-no kids" households. Common demographic numbers on market research sites state:

(via Community Marketing Inc. & Harris Interactive)

Like any other project, we have to pioneer the idea of cryptocurrency usage to the our marketplace. This is not something that will happen overnight, but we will continue to maintain development for the cryptocurrency side of the project at the same time as we build our network of merchants and artists. All of this is, ultimately, to monetise the funding we are going to produce for LGBT causes, endowments, scholarships, sponsorships, et cetera. We have to find a balance between marketability and philanthropy.

What you interpret as "lack of interest" is unsubstantiated. We arent going to make grandstand announcements. We arent marketing GAY Money thru ICOs to fund questionable and ambigious project goals. We are self-funding our development and letting our consistent approach to broadening our user base with an actual understanding of the market we are designed to provide service for speak for itself.

The market is shallow, admittedly, but that will change. A single BTC invested into GAY Money at the current moment would bring values to from about 8 cents US to nearly 34 cents. 2 BTC would drive the price to over 65 cents US. Interest, and demand, will arrive with retail usability. Its the network effect with technological adoption.

The total supply is looking forward to a base fifty year lifespan on the coin, and essential liquidity once we begin to add merchant partners to the service. Owing to the nature of our market, there has been great response thus far. Close to a score of retailers, online businesses and artisans have expressed enthusiasm for integration thus far. We have reached out to a trusted thirdparty developer to build out our Android and iOS wallets, and have our "GAY Money ACCEPTED HERE" stickers ready. We are vigorously investigating providing GAY Money reloadable ATM cards,  and current multi-wallet solutions. Building ease of use for consumers and merchants is one of our top priorities at the moment.

Airdrops, in the current cryptocurrency definition of the term, are a very popular way of putting the currency out into the hands of as many individuals as possible. Our stated goal from the beginning is to put GAY Money into as many hands as possible, but to do so in a responsible way towards our target markets. Our Foundation Wallet holds the funds that will be slowly released over the next 25-50 years, governed by community voting which will be incentivized with simple proportionate profit sharing.

Social media campaigns will begin shortly. We will be looking to add GAY Money to a further couple of exchanges, and we will likely tie our airdrops, at first, to voting schemata to ensure listings. We will have a proposal area on the new gay.money website wherein community members can submit philanthropic or investment proposals. We will ensure proper mechanisms in place for community involvement and voting on those charitable requests. If you want to send us a proposal beforehand, these can be submitted via PM here or thru our email: [email protected]

it's launching in 2014, is there a bitcointalk thread? I just want to see it, if you do not mind, thank you

current price:0.00001402sat

total:10 billion 

great coin

Noone interested in Gaycoin, guess even gays not interested in Gaycoin.

We have launched our first GAY Money faucet at http://faucet.gay.money/. The faucet dispenses between 100-500 microgay once an hour.

There is a referral program in place, locking in 15% of dispenses received by those you refer to the faucet.

We will update the look and feel of the faucet, and will work to ensure that appropriate market advertising is presented on the page. Its a very simple faucet, and the choice for quick utility to the community outweighs the need for brand personalization.

Presently the advertisements are served by coinurl.com, and we have no control over the validity of the sites beyond the ad link, so tread with caution and diligence as you always would in following thru on those links.

The cryptocurrency ecosystem has changed drastically since 2014, when GAY Money was originally launched. Bitcoin is going mainstream, market integrations are easier to bring into play, regulatory frameworks are being established, the definition of asset classes is being permanently disrupted and blockchain technology has the sense of inevitability and ubiquitous involvement in our lives going forward.

Im a self-confessed cryptocurrency evangelist, and believe truly in its promise of wealth decentralization. GAY Money is one of those projects, with a global market to serve, that can truly take advantage of this moment in time to position itself with the types of services a cryptocurrency project MUST provide to remain relevant. Our goals presently are to build out our branded exchange and our marketplace. Both of these projects will build utility for the currency.

gaymoney.market will feature an LGBT directory, with a focus towards companies that participate in the GAY Money economy, and a marketplace for users to sell goods and services for GAY Money. I believe very strongly in the "Think Globally, Act Locally" philosophy and have secured deep interest here on Cape Breton Island, Nova Scotia with LGBT-businesspeople, and have a good half-dozen establishments prepared to begin accepting GAY Money - a tourist knick-knack shop near the cruise ship pavilion, a bakery, a coffee shop, a nightclub, an automotive-wrapping service and a bed-and-breakfast. Further LGBT businesses in Halifax have expressed enthusiasm towards the project. We have several other companies internationally that are curious to being participation, including an up-and-coming gay travel web service.

I attempt to email a copy of our "media page" and a short intro to the project to at least 25 relevant businesses every day as I work on other aspects of this project. We have a LOT of developments planned into the future, and want to truly build a community tying together cryptocurrency and LGBT causes.

The associated marketplace will allow artisans and craftspeople to sell their goods directly through the website, with dynamic exchange rates available. We are investigating adding GAY Money ATM cards to our services as well. Our fiat-exchange will allow for direct purchase of GAY Money in as many as a dozen foreign currencies and we plan on setting the standard with our altcoin exchange, being very connected to the developers and the communities of altcoins we host. I would also, very much, like to set up a pooled staking webwallet for users who wish to participate in that sort of endeavor.

Our further mission is to make GAY Money simple to access and easy to use for everyone, especially those who aren’t experienced in the world of cryptocurrency. Anybody should be able to setup a GAY wallet, and purchases made from websites and bricks-and-mortar businesses should be as easy to achieve with GAY Money as it is with fiat currencies, for both merchant and consumer.

We are truly on the threshold of cryptocurrency outpacing other payment forms, and as our world becomes more and more hyper-connected, positioning ourselves as the brand representing the LGBT community will cement our seat in the Top 25 market capitalizations. GAY Money must become something more than a simple vehicle for speculation.


The idea of associated masternodes has become a very popular development for cryptocurrencies and ensures both blockchain security and uptime but allows for an ease of governance to be achieved. Having our protocols based on X11, popularized by DASH, we have the framework to work with masternodes, and have been thinking about some form of similar formation alongside our move towards incorporation of this project as the GAY Foundation, Ltd. in the UK. There are definitely many advantages to the use of masternodes, and to the sorts of services dedicated nodes such as that could perform.

By tying in single whole units of GAY Money into the fundamental shareholders' rights and protections of single units of stock, we can assign classes of shares into equity, preference and executive categories, with simple Class conversion achieved thru verified balance thresholds. To keep things simple, we will employ the "alphabet shares" scheme with Class A, B, and C shares. Cryptocurrency, at its core, is a form of equity ownership in a project, much the same as any common stock, differing mostly by its free transferability.

As essentially described for our articles of association, Class C shares represent common stock in the GAY Foundation, and carry no voting-rights and no dividends. They maintain, as every unit of GAY Money, a natural 20% APR on balances that are held in active wallets. Class B shares, reached at a predetermined threshold balance of GAY Money, verified thru signed transaction, will becoming prefered shares, and will present the rights to vote on protocol enhancement, promotion and Foundation philanthropic implementations, and to further receive a proportional dividend of 50% of the profits generated by Foundation run services thru transaction fees, advertising revenue, etc. Class A shares would be at a much higher verified threshold and pertain to executive level decision making and voting towards use of corporate held funds (as opposed to the Foundation wallet) for investing in LGBT enterprises, as well as a proportionate return of dividends of the remaining 50% of the profits generated by Foundation run services.

Building in a masternode system would make this form of governance much more decentralized, and would ensure that the sort of charitable work we hope to perform thru a self-sustaining release of Foundation wallet funds will survive us. The central questions that arise, though, are what services could a masternodes system provide to the GAY Money network that would be deemed useful? What sorts of conventions are set collateralizing the stake for a masternode, and can we make it simpler to set up?

All that being said, masternodes are a definite probability as a future protocol update, and as the services we might possibly provide with that increases exponentially, the movement towards that will be much sooner than later on the development roadmap. I can foresee a ton of possibilities for services that can be hosted, but would love to ear other ideas.

How about an LGBT dating app hosted thru masternodes, with incentivization allowing for the typical fees for interaction charged by such services be sent to masternode operators? While ideas popular thru the DASH masternode program like DarkSend (anonymous transactions) are wonderful, we already have transaction speed that rivals InstantSend as it is. But what MORE can we do with masternodes, with APIs and the constant evolution of interoperability? I cant help but think that consistently re-imagining what we can build on top of existing architecture will lead GAY Money to eventually provide a complete financial service entity that evolves beyond the blockchain.

Anyhow, thank you for the positive message, and hopefully we can earn your consistent participation in the new LGBT economy.

The total supply is quite a lot, is there any airdrop for this project? I am very interested in the concept, unique, I will continue to see the progress of this project and wait for more information about bounty, good luck

Its good to see how currencies evolve with time and find their usage in real world. This era is definitely not limited to Dollars or Pounds or Euros, Crypto currencies are changing the face of this world. Many a times the projects are dumped/gets into stagnant mode because there isn't any active developer/community. I have also seen instances where the project was dormant and the community picked it up and change the whole face of it. Whatever be the case, I am happy this coin is back with some change and the POS return does seem reasonable.

One last question, do you all plan to implement Masternodes in your network?

Have a pleasant day.

like other cryptocurrencies that have moved from a hybrid PoW/PoS protocol towards pure Proof of Stake, minting is accomplished thru the balance one holds in an active desktop wallet. As the header states, with GAY Money this averages out to 20% interest per year. There are a thousand arguments FOR and an equal number of arguments AGAINST pure PoS protocol currencies, but "crypto-history" shows that many of the projects launched in a similar era as GAY Money (2014) are still very much active, many firmly in the Top 100 market capitalizations.

Because we use a deterministic (pseudo-random) selection of next-block minters, based on accumulated coin-age (which resets the staked coin's age to zero when a block is forged), it encourages investors to hold and stake, even given the relatively short minimum coin-age requirement. This also encourages us, the developers, to work to provide utility for the currency beyond the simple trading pairs avaialable, to incentivize people to buy and hold the currency, while providing increased opportunity to spend it at retailers and artisans that are a art of, or support, the LGBT community.

I am testing out "first block minted" time considerations for wallets according to a number of balance thresholds presently and will present those findings when i have something concrete.  

There is a great deal of security available with this sort of protocol, as a 51% attack would require that amount of extant staking coins be purchased by the attacker, which would result in far too rapid market appreciation to make such an attack cost-effective. To disrupt and destroy the GAY Money blockchain would cost more than it takes to honestly use and maintain. Further, PoS eliminates much of the prohibitive overhead costs related to PoW blockchains: electricity costs, cost and return on mining hardware, equipment depreciation.



That was a previous [ANN], and the responses by some of the crypto community on that thread illustrate the reason why it was locked within a few weeks. We have now begun to build the development team in an organized manner, setting up projects to increase the visibility and UTILITY of the currency. Because this is, visibly, a community oriented coin, we will be building towards as inclusive and diverse a marketplace for users to spend their GAY Money, and support the larger global LGBT rights movement at the same time.

It's all about seeing cryptocurrency as a force for change, not only as a financial tool but as a means of societal change. A thosand times cryptocurrency has been promoted as a "revolution", meant to disrupt. We believe that GAY Money can be a vehicle for this revolution in the LGBT community, and that by building a trusted and recognizable brand, we can begin to promote tolerance and acceptance, we can begin to help to bring about a more accepting society. Cryptocurrency is about breaking down borders, and in a way, building a global economy not tethered to the whims of the financial elite. GAY Money is about building a community for the LGBT community, to connect it globaly in a way not done before, to create a financial system that serves TEN PERCENT of the global population.

This coin is not dead. We have barely begun.

No mining  no party, Is very old coindead  https://bitcointalksearch.org/topic/ann-lgbtq-ecurrency-gay-gaymoney-1616928 

ive uploaded the GAY Money bootstrap.dat  (up to date ~1800hrs AST 2017-08-22)
ive put it temporarily here -> https://ufile.io/8s27d

along with the exchange we are building, we will be setting up a sort of yellow pages directory for businesses utilizing GAY Money to be listed. ive got a sort of placeholder landing page set up at https://gaymoney.market/. ive got the template for a business directory set-up and will be tweaking it as i can before we have the exchange up. im also looking into a user-based GAY Money marketplace available onsite, but havent really glommed on to anything quite yet.

updated OP with links.

there is a bootstrap file?

updated OP with our block explorer address, explorer.gay.money
we would like to thank the folks at https://thecryptochat.net/ for hosting it, and we hope to have a GAY Money faucet available there soon as well. We are in the queue.

ive also started work on our exchange platform. we will be going with the peatio open-source exchange platform, as used by https://yunbi.com/ as our basic staging, and will be including as many direct ForEx markets as possible along with a GAY/BTC pairing. The overarching plan for the exchange is to build integration for other altcoin projects that espouse a moral and social conscience, and while Ive begun speaking with several other cryptocurrency developers about bringing their project onboard for the end of this year, if you have any sugestions for currencies, even ones that might be languish in the necronomnicon thread, that fit the bill with an principled outlook, send me a PM and i will do my best to have them included as well.

sending you a PM.

as with most projects, translations are important to reach the different corners of the.... cryptoverse?... and as the market this project was built to serve is truly a worldwide market, i encourage people to translate the OP for this project as far and wide as possible. we will offer 200 GAY for the translations, and will negotiate with those who wish to continue the service for major announcements, newsletter articles, et cetera.

some simple rules need to be established. reserving a translation will be on a first come-first serve basis and i will update the OP as often as i can to reflect changes in status and links to those translated threads. please dont provide translations done simple thru Google Translator or similar services. We will send the bounty after we verify the translation. Please make the translation clear and easy to read, and please respect the thread design of the [ANN].

I want to truly encourage an involved community on this side of the business equation, and hope that some of those that offer translations will also become involved as regional representatives for GAY Money as we move forward.